Master sample sales: a ready rent business near Cherkizovskaya subway station

On 6 December the Auction House of the Russian Federation (AHRF) will hold an auction for the sale of a part of a former Etalon factory (Master Sample factory) – a property complex with an area of 6.8 thousand sq. m near Preobrazhenskaya Square in Moscow.
The sale is carried out by the instructions of Noward Estate Managing Company.

Address: 24Ac2, Bolshaya Cherkizovskaya Str., Moscow.

The complex includes three buildings with the areas of 1.6 thousand sq. m, 2.3 thousand sq. m and 2.8 thousand sq. m.
On the territory there is a parking for 65 cars.

For today 80% areas of the buildings are rented for offices, warehouses and engineering centres at average market rates.
A payback period is on the level of 8.2 years.

The biddings will be held in Dutch format (descending price auction). The auction starts with the starting price of 227.5 million rubles. Further the price will be descending step by step.
Minimum price is 190 million rubles.

“Taking into consideration a location and parameters of the buildings, as well as availability of rent contracts for a majority of the premises, the most possible way of use of the object is a rent business. In case of 100% occupation of the existing areas the payback period will be not more than 6.5 years”, – tells Dmitry Altbregin, Deputy Director of Moscow Branch Office of the AHRF.

For detailed information about the object of sale please see the website of the Auction House of the Russian Federation (AHRF)